Solana-based Platform Synchrony Finance Raises $4.2 Million

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Solana-based asset management protocol Synchrony Finance has raised $4.2 million in a round of strategic funding.

Investors include Sanctor Capital, Wintermute Trading, GBV Capital, HashKey, Magnus Capital, 0xVentures and other investors. It is worth mentioning that the funds have been raised using the SAFT model.

Hong Kong-based startup Synchrony plans to expand its development team and increase marketing spending with the help of this fresh capital.

The project is developing an AI platform for copy trading and creating customized custom indices from several sets of tokens, automatically rebalanced liquidity pools and portfolios, as well as other on-chain tools.

Solana-based Grape Network has previously raised $1.2 million. The project develops tools for creating DAOs.

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